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MUMBAI, March 28

STOCKS of almost all public sector undertakings rose on Thursday, the last trading day of the current fiscal, over the sale of the Government stake in Hindustan Zinc Ltd.

Among the stocks that were in the limelight were BHEL, BPCL, IOC, IPCL, ONGC and SAIL. Dealers said market sentiment was positive with yet another disinvestment going through smoothly. "In the next tranche, there are some oil majors that will be on the chopping block. The smooth transfer of Hindustan Zinc has helped immensely," said a dealer. The Sensex also ended in positive territory at 3469.35, up by 10 points.

The 26 per cent Government stake in Hindustan Zinc was sold to Sterlite Industries for a total consideration of Rs 445 crore. The scrip of Hindustan Zinc shot up by 2.85 per cent to close at Rs 36.05 on the Bombay Stock Exchange. On the National Stock Exchange, it closed at Rs 36.15, up by 2.99 per cent. The stock of Sterlite Industries also ended in positive territory at Rs 128.45 on the BSE. Riding on the back of this, BPCL's scrip went up by 1.85 per cent to close at Rs 330 on the BSE; it closed at Rs 330, up by 2 per cent on the NSE.

IPCL's share price went up by 2.69 per cent to close at Rs 83.85 on the BSE and on the NSE, it closed at Rs 83.90, up by 2.81 per cent.

ONGC's scrip went up by 1.72 per cent to close at Rs 275.30 on the BSE and on the NSE, it ended at Rs 275, up by 1.32 per cent.

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